What to look for in a strategic advisor
If there’s one thing just about every C-suite executive, entrepreneur or business owner could use more of, it’s good advice. Being responsible for high-stakes decisions is incredibly difficult, and the demand for wise decision-making in response to changing conditions is relentless.
Much has been written about the need for leaders to surround themselves with trusted, experienced advisors. Sometimes the choices for filling that role are obvious – lifetime friends, longtime mentors, colleagues who know you inside and out.
But sometimes it is necessary to retain advisors from outside your existing circle of contacts. They can bring fresh perspectives to the table along with ideas based on experiences you’ve never had.
The question then becomes who to bring in. What kind of person should you look for?
Several key factors should drive the search to ensure you find the right fit for your needs and the best interests of your organization. Here are several aspects to consider when searching for a strategic advisor:
Expertise and Track Record: Look for someone with a proven track record of success in advising leaders and driving strategic initiatives. Experience in relevant industries or with similar challenges can be particularly valuable. But sometimes it may make sense to look outside of your industry to get a different perspective.
Strategic Thinking and Vision: The consultant should demonstrate the ability to think strategically and offer a clear vision for the organization's future. They should be able to provide insights and guidance on how to navigate complex business environments and achieve long-term objectives, not wait for your instructions.
Strong Communication and Interpersonal Skills: Effective communication is crucial for a strategic advisor. They should be able to articulate their ideas clearly, build rapport with the other leaders, and align the team around a common strategic vision.
Adaptability and Flexibility: A good advisor should be adaptable and flexible, able to customize their approach to meet the unique needs and culture of the organization. They should not offer a one-size-fits-all solution that they have recycled wholesale from another project, but rather tailor their advice to the specific context.
Problem-Solving and Innovation: Look for someone who can demonstrate a strong ability to identify and solve complex problems, as well as drive innovation within the organization. They should be able to offer creative and forward-thinking solutions.
References and Testimonials: Request references and testimonials from previous clients to validate the consultant's claims and gain insights into their working style and results.
Ethical Standards and Integrity: It's essential to work with a consultant who upholds high ethical standards and integrity. Trustworthiness and transparency are fundamental in the consulting relationship. This includes their willingness to tell you what you need to hear, not what you want to hear.
By considering these key factors, you can make an informed decision when selecting a strategic advisor who can provide valuable guidance and support in achieving your goals. Contact us at EricW@ThisWGroup.com@thiswgroup to discuss your situation.
